The four most dangerous words in investing are " This time it's different. " ;-)

Is it different this time, lets assess the chart & fundamentals.

Chart Analysis

Candles Green > Weekly - 3 x 3 day - 8 of 9 daily

Bottom Rounding structure Support - 0.001 level tested 4 times over 2 weeks , support held, first time the down trend has gone into a sideways range consolidating with many green candles,
Where it had constantly been going down for months in a bear cycle.

Previous resistance - at 1150 turned support

All my different indicators that i use for reversal have been giving signals for sometime & my long term reversal System which i use for these kind of setup of 3months or more in continues trend is also giving me a reversal entry.

Price Action. current price 95cent over 30% higher than bottom at 70cent .

An accredited investor, in the context of a natural person, includes anyone who either earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR, has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). this is for ETC criteria.

i added 15% based on that news. they did great things with btc, this is very bullish for ETC, no other crypto apart from BTC had a proper trust, now ETC is in that exclusive club.

Trade active:
ETC is getting access to traditional markets & institutions through the new trust, it turned into an investment,
ETC will have bloomberg ticker soon like the BTC trust. https://grayscale.co/bitcoin-investment-...

this news has not hit the mainstream yet. it will make its move in February with china meetups.

Anything under 2-3$ is a great HoDl long term. buy hold wait for all the bullish development. 6-10x is achievable in 2017.

Trade active:
We have a big Bull Flag on the 4H / 6H , text book structure very bullish.

expecting the big move tomorrow which should be the start of a mega bull cycle.

There is many events in china starting tomorrow.

A new music Dapp on ETC, finally a proper dapp with utility for mainstream use.

Very bullish all round . check out the new links effecting fundamentals & market sentiment.

thanks for the two people that sent tips recently, appreciated knowing people are following trades.

Trade active:
Conversation on ETC with Barry on 26/01/2017
The important highlights regarding the ETC investment trust roadmap & launch.
The trust will go live as soon as MP is announced, they will not be waiting for implementation of Code.
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5:14]
@barrysilbert it would be great to get some Press / News on the investment trust, 99% of crypto traders . investors are clueless what value the trust adds & how big of development it is! would be good to educate the crypto community on the value a trust adds short & longterm

allowing traditional markets & institutional investors the opportunity to invest through regulated markets is amazing, ETC the only second blockchain to offer this to the main markets.

barrysilbert
@strawberryeffect as you may know, until the ETC monetary policy is finalized, we're not launching the vehicle. so we are not doing any press or promotion until launch

but after we launch, we look forward to shouting from the mountaintops!

strawberryeffect
ohh i see that makes perfect sense, why spend resources promoting the platform when you are not sure when it will launch due to monetary policy.

strawberryeffect
@barrysilbert in the scenario where monetary policy is announced, how long would your team need from that point to launch the product, is that just an idea right now that needs to go through all the stages of development or is it ready to launch but due to monetary policy implications on value its holding the launch back.

barrysilbert
we'll be ready to launch immediately after the community forms consensus around the policy. I want to see developers, miners and investors in agreement

we're not waiting for the new code to be in production

strawberryeffect
do you mind giving me some brief points on how the platform works? its ready to launch so would you be approaching the existing investors in the bitcoin trust first or is a general launch targeting old & potential new investors ?

barrysilbert
@strawberryeffect similar to the Bitcoin Investment Trust launch in 2013, the ETC vehicle will be launched as a private vehicle open to qualified (accredited) investors. we intend to again take advantage of our ability to generally solicit pursuant to the JOBS Act, meaning, we can talk very publicly about it

Trade active:
Support on daily chart is strong.

structure on daily is bullish,

holding strong, if you are looking to get in , the current 14000 price is a good entry.

Trade active:
The trust launch is getting closer, Tradeblock announced today the index.

TradeBlock is pleased to announce the launch of the ECX Index, an institutional-quality reference rate for the USD-denominated price of Ethereum Classic.

TradeBlock’s ECX index is designed to provide a robust reference for Ethereum Classic by applying many methodologies similar to TradeBlock’s XBX Index, which has been widely adopted by institutional bitcoin markets.

Regarding price action the traders / speculators that got the bottom are now a 100% up in 2 months.

70 cent bottom to 1.80$ highs, currently almost 1.40$ . great returns in 2 months if you wanted to take profits here, personally this is still very much the bottom. a great longterm hold with upcoming chinese events & launch of the investment trust.

Trade active:
Some bullish development on ETC, the Biggest ICO launched to date.

21mln XBTC tokens will be issued during the forthcoming ICO new project on Ethereum Classic.

"The XPool will signall Bitcoin Unlimited"

Official announcement of the Ethereum Classic largest ICO
One of the largest farm in China, located in Sichuan province, of an output exceeding 50Pt Network Hash, would join the new closed X pool together to make a base for the launch of Ethereum Claassic based ICO. It is planned for 2 months draw 12mln ETS emission 21mln XBTC tokens. After the end of ICO, XPool will begin gradually to purchase and destroy X-BTC tokens, creating shortages and guaranteeing a profit for its investors. Exchange X (X-BTC) will be the largest project and ICO in Ethereum Classic with the unusual attraction of investment in the history of this kind of fundraising (Initial Coin Offerings).

its a 2 day long event with projects being selected & awarded. i was really surprised & the backing of this event. really strong line up.

Chart -

Looking at current 12H - Daily it looks like 118k sat is a double bottom with strong support at current level, i expect the price to grind up slowly now getting closer to the event with a few days to go.

Many expect major announcements, MP from IOHK will be released for ETC & a few are speculating that BTCC will announce ETC listing. i will make another update now with other development that have been missed.

I think at current price in BTC ratio its a very good risk vs reward for good gains with few days till chinese event.

If you are bullish on BTC best to long the USD pair now as those gains will be higher.

Comment:
ETC is in accumulation phase currently with the china ETCathon Event less than a week away, there is major accumulation which most traders are not aware of, most people look at volume on polo for accumulation which is the norm for most alts as they get most their volume on polo.

ETC is totally different kind of best, listed on all the big exchanges in the west & many big Exchanges in china so you wont see concentrated volume in one location,
its slow accumulation with low volume on many platforms but when it moves will be very hard & fast with volume, pushing out bottom sellers every time.

Only LTC & ETC have access to so many exchanges around the world that trade BTC hence their volume on main exchange is always less than reality.

I expect most involved with the china event to be accumulating now with some major announcements expected.
if you are not holding from lower down but considering getting in, its a good time to accumulate with a good base as the bigger players will be doing the same.

Some other Developments.

80 page + ETC treasury proposal to insure longterm success of the chain, you will be able to vote for projects to be implemented on ETC. Its worth a read if you are interested in ETC or blockchains in general

Trade active:
ETC hit reuters right now. should get things going, expecting a few news pieces this week to get the BTC ratio moving, the USD ratio is again a 100% up since we opened this trade if you missed the 1.80$ top first time round.